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Oklahoma energy briefs for July 18, 2014

Oklahoma energy briefs for July 18, 2014
Oklahoman Published: July 17, 2014
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Chaparral unveils new website

Chaparral Energy LLC unveiled a redesigned website this week to spotlight its efforts to grow as a pure Mid-Continent player. The new mobile-friendly site includes up-to-date company information, key operating strategies and Chaparral’s most recent reports, presentations and filings. It is located at chaparralenergy.com.

Newfield adds to oil play

Newfield Exploration Co. has added more than 25,000 net acres in two Oklahoma oil plays this year, the Texas-based company reported this week. Newfield now owns interests in more than 250,000 net acres in the SCOOP and STACK plays in the Anadarko Basin. Newfield increased its 2014 capital budget by $100 million after producing 12.1 million barrels of oil equivalent in the second quarter.

Company announces promotions

Terry Young has been promoted to vice president of oil and gas management for Farmers National Co., the nation’s leading agricultural and energy management company. The Nebraska-based company is one of the largest independent mineral management firms in the country. Young, who is based in Tulsa, has been with the company since 2006. Farmers National also elevated Pam Hillman to vice president of oil and gas accounting in Tulsa.

Coal ash cleanup is complete

— Federal environmental officials say Duke Energy has completed removal of large pockets of coal ash from the Dan River following a massive spill at a North Carolina power plant. The U.S. Environmental Protection Agency’s on-scene coordinator, Myles Bartos, said Thursday that Duke had dredged up about 2,500 tons of ash and contaminated sediment, as well as another 500 tons that had accumulated in settling tanks at downstream municipal water treatment plants in Virginia. Coal ash contains toxic heavy metals such as arsenic, mercury and selenium. Duke estimates about 39,000 tons of coal ash spewed into the Dan after a drainage pipe collapsed Feb. 2, turning the river gray for more than 70 miles.

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